Samsung predicts record high $12.1 billion profit for Q2 2017
09 July, 2017, 00:25 | Author: Darnell Patrick
"Final June sales for our Apple Monitor rose by 18% month-over-month and well above the average decline of 2% over the past twelve years".
Some optimistic researchers predict Samsung, the world's second-largest chipmaker and No. 1 producer of memory chips, might surpass the industry's top player, Intel, in revenue this year for the first time.
Just like LG, Samsung has also announced its earnings guidance for the second quarter of 2017.
Samsung said earlier this week that it plans to invest $18.6 billion in semiconductor and display production facilities.
Samsung would sell about 49 million S8s by the end of its first full-year release, in line with first-year sales of the Galaxy S7, he said.
Rising memory chip prices, driven by strong demand from servers and mobile, have likely contributed to Samsung's strong results-the company hasn't provided many details at this point.
"Rivals have failed to capitalise on the Note7 debacle while Samsung has been raking in profits from semiconductors and displays", Eugene Investment and Securities analyst Lee Seung Woo said before the results. But there are expectations that the total profit for the July- September quarter would cross beyond $13.8 trillion.
But the firm managed to post stellar profits partly thanks to the robust chip business, which supplies not only to its own handset unit but also other electronics giants including Apple.
The S8's performance has reassured investors whose nerves were shaken a year ago by the costly withdrawal of Samsung's premium Galaxy Note 7 due to fire-prone batteries.
Samsung's financial performance comes after a rocky year for the South Korean conglomerate. (NASDAQ:AAPL) as the most profitable smartphone company in Q2 2017.
Samsung shares, the top weighting in the iShares MSCI Emerging Markets exchange-traded fund (EEM), moved fractionally lower in local trading, but was up 4% in us over-the-counter trading.
He was sentenced to eight years of confinement and, under the terms of the agreement, could serve his remaining time in Canada. He was released on bail in Edmonton in May 2015 pending an appeal of his military commission conviction in the U.S.
Long March-5 Y2 rocket is capable of lifting 25 tonnes into a low earth orbit and a 14 tonne class of communications satellite. The rocket was carrying the 7.5 tonne Shijian-18 communication satellite into a 36,000 km apogee Geo-stationary orbit.
Exhibits likely to attract Star Wars fans include Luke Skywalker's first light saber and Darth Vader's helmet. Construction is scheduled to start by early next year with an opening date tentatively set for 2021.
Sources said that Netanyahu seemed to be as excited as Doval for Modi's red carpet welcome to the Jewish country. The two-state solution envisions independent Israeli and Palestinian states coexisting side by side peacefully.
But before she could even get to the beverage service part of the flight , Penton started feeling contractions . Luckily, there was a pediatrician and a nurse on the flight. "Everything started happening very quickly.
Not only has it tied with two other superhero movies on Rotten Tomatoes , but it has also nabbed an A CinemaScore grade. Michael Keaton stars as the villain Vulture in Homecoming , with Robert Downey Jr. appearing as Iron Man .
However, the 23-year-old reached the final at Wimbledon in 2015, and exited in the quarter-finals at this year's Australian Open. Kvitova will next face the victor of the contest between American Madison Brengle and Richel Hogenkamp of the Netherlands.
In the slew of posts, Kardashian claimed Chyna, a model and former stripper, sent him a video of her cheating with another man. In 2014, the first person was convicted and sentenced to a year in prison for violating the law.
It's created to start repairing the fiscal calamity caused by the nation's longest budget stalemate since the Great Depression. Only four of the 16 Republicans who voted for the clean debt hike in 2014 suggest they will or are open to doing so this fall.
Mika Brzezinski and Joe Scarborough hit back after becoming the latest victims of Mr Trump's frequently used social media account. Women in the administration need to step up and tell him that they will not stand for the way he is treating women.
UFC 213: Amanda Nunes hospitalized; Whittaker vs
The bout headlines a pay-per-view card that includes a middleweight title bout between Yoel Romero and Whittaker. Both fighters have shown skill improvements since that fight, making this an even more compelling contest.
Wildfire breaks out near Breckenridge
The base of the resort, which includes hotels, restaurants and businesses, was not evacuated. Evacuation orders were expected to remain in place until midday Thursday.
Warm, Possible Storms on the Fourth
July 4th looks like an incredible day with lots of sun, warm air and only a slight chance for a shower later in the day. The 4th of July on Tuesday will be seasonably warm as highs reach the mid 80s with low humidity.